Businesses often grow by bringing in shareholders. Close corporations often bring in family members, close friends, valued employees, and others close to the corporation while larger businesses go through the securities filing process and sell shares in their corporation to the general public. The individuals who buy or earn shares, regardless of how few, become…
When planning your estate, you’re also planning for retirement and working to ensure your loved ones are well cared for in the future. Even if your estate is large, you want to take steps to make sure your spouse is getting all the benefits they’re entitled to and that those benefits are considered when planning…
Contracts are central to any business. They outline agreements with suppliers, employees, customers, property owners, contractors, and many others. As a business owner, you probably interact with and sign contracts on a daily basis, yet rarely think about what happens should some portion of the agreement become a problem and the language of the contract…
In Utah, the Utah Uniform Power of Attorney Act went into effect in 2016 and applies to all powers of attorney now executed in the state of Utah. Whether you’re executing a limited power of attorney so that someone can help you with an out-of-town transaction, a medical power of attorney as you face end-of-life…
One job of a business owner is to make and keep good corporate records. These documents are an important administrative function of your business and become a central focus when you face a government audit such as an IRS audit or worker compensation insurance audit. They’re also useful if you ever choose to sell the…
A major driver that sends people into an attorney’s office to plan their estate is the desire to ensure the ones they loved are cared for after they’re gone. This is especially true for parents and family members of people who have special needs, either physical or intellectual disabilities that mean they’ll need extra care…
When facing a problem that needs to be resolved, you may be considering using arbitration instead of going through the court system for a number of reasons. In many cases, the contract between two parties stipulates that arbitration is required. In some jurisdictions, the court can require you to go through some form of alternative…
Often, the primary asset of an estate is a home, second home, or other real estate that the heirs want to liquidate either to pay the debts of the estate or simply to fairly split the cash of their inheritance. It is common to sell a home from an estate, but there are a few…
While no businessperson wants to hear “it depends” when they ask how long, and subsequently how expensive, their civil litigation will be, making this estimate really is a case-by-case scenario. An experienced Utah business litigation attorney can review your particular case and make a more accurate estimate, but there are a number of more difficult-to-predict…
When you’re putting together an estate plan, one detail you’ll have to consider is who will be responsible for executing your wishes after your death. This person has a number of responsibilities that they must handle and decisions to make, even if they have professional assistance. Who Can be a Personal Representative Many people choose…